1. Peja Stojakovic: $14,896,000

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Peja Stojakovic is one of the best sharp-shooters in recent memory, but now he has declined into a serviceable role player, able to hit a couple threes now and then.

Peja is now playing for the Mavs as they picked him up shortly after Caron Butler went down for the season, for a very small contract, but he is still being paid $14,896,000 by the Toronto Raptors who waived Peja earlier this year.

Last time I checked, a player averaging 8.8 ppg and just two rebounds should not be making nearly $15 million.